Obama Hits Romney’s Business Experience, Taxes

DES MOINES—President Barack Obama on Thursday continued his assault on Mitt Romney’s business experience, saying the Republican presidential hopeful’s time as a private-equity executive was valuable but not sufficient for someone trying to inhabit the White House.

His comments came amid complaints by some of the president’s Democratic supporters that the attacks on Bain Capital, Mr. Romney’s former company, are off-base. The president said that while Mr. Romney was at Bain Capital, his goal was to maximize profits for himself, his workers and investors. “That may be the job for somebody who is engaged in corporate buyouts…but that’s not a job for somebody being president,” Mr. Obama said.

The Obama campaign has put Mr. Romney’s time at Bain Capital under fire in recent weeks, releasing ads with workers who lost their jobs after Bain invested in their companies. Ahead of the president’s rally at the Iowa State Fairgrounds, the Obama campaign released a new ad that highlights remarks Mr. Romney made here last year to voters.

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